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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-05-22
Resistance and Support Level Explanation
Resistance 73.80 Daily
Support 68.60 Daily

CrudeOIL, Daily: Crude oil price extended its major bullish trending following prior rebound from the 20-MA line (red). Both MA line which continues to expand upwards suggests the commodity price to advance further up, towards the target of resistance level near 73.80.

 

Resistance level: 73.80, 77.75

Support level: 68.60, 66.10